The aviation industry in India is one of the fastest growing industries globally and has the potential to become the largest by 2030. While historically government-owned, the industry is now dominated by private airlines including low-cost carriers. Key factors driving growth include low-cost carriers, investments in modern airports and foreign investment, and a government focus on improving regional connectivity. However, the industry faces high costs from factors like aviation fuel taxes, airport infrastructure, and bargaining power from suppliers like Boeing, Airbus, and fuel providers. Competition in the industry is also high.